Lopetegui was appointed by Sevilla at the start of the 2019-20 campaign and led them to a fourth-place finish in LaLiga as well as the club's sixth Europa League/UEFA Cup crown.
The Basque coach had previously seen his reputation take a hit.
He was sacked by Spain just before their 2018 World Cup campaign was due to begin as a result of accepting an offer to take charge of Real Madrid after the tournament, and he only lasted until October with Los Blancos before being dismissed again.
His first season at Sevilla saw the Andalusians finish in the top four after two campaigns out, though Lopetegui's biggest achievement was presiding over their successful Europa League run.
Sevilla had to see off Roma, Wolves and Manchester United in a tricky knockout phase, before then recovering well from a shaky start in the final to beat Inter 3-2.